No doubt India is today ranked the fifth growing economy in the world economies and it is no mean development and is a moment of pride and satisfaction .It points towards the progress and economic development of the country in the 21st century .So far so good that we raked 5th in the economies of the world .But so far as the per-capita income is concerned ,India is at the 128th position in the world and it is a sorry state of affairs of our economy in the world and it must make the nation determined to fight and strive to be ranked at the first five economies .
The real measure and indicator of the economic progress and prosperity is the increase in the per capita income where unfortunately we fair poorly or badly .Gross domestic product is not the true and real measure of progress and prosperity but the real indicator of progress of the country is the increase in per capita income of the people but we are deficient in it .The prime minister has boastfully said that in his third term India’s GDP ranking will be at the third place in the world economies .The ex finance minister of India P .Chindambarm has said that the fact is that in any dispensation India will come to be ranked 3rd in the world ranking of the economies .
But the increase in GDP is not the real indicator of the progress and prosperity of citizens ,while the fact is that per-capita income of the citizens is the real indicator of the progress of the country and the reality is this that we are lagging far behind in the per- capita income and so the country should not be complacent and satisfied with the increase in Gross Domestic Product ,but strive for the increase in the per-capita income of Indian’s in which lies the good of the people who are the supreme rulers in a democracy.PM Modi said that in his third term India will be at third place in top economies and this is Modi’s guarantees and I want to give this assurance to the people of India that India will be ranked at the three top positions in the world economies in my third term.
PM Modi has declared that he is retaining power as the PM of India in 2024 as he announced that India will become third biggest economy of the world in his third term .The PM’s declaration comes a day opposition alliance INDIA submitted no-trust motion against his government .Thus PM Modi said that India will be among the top three economies in the world during my third term .’’On the basis of track record ,in the third term of our government ,India will become the world’s third largest economy .This is Modi’s guarantee ‘the prime minister said while addressing the inauguration ceremony of the International Exhibition –cum-Convention Centre (IECC) complex ,rechristened as Bharat Mandapam .Modi government will complete 10 years in office next May and he is seeking a third term on development plank .
Citing data from the NITI Aayog report ,PM Modi ,said that 13.5 crore people have come out of poverty in the last five years .Modi further said ,’’We have to achieve the target of making India a developed nation in the next 25 years.’ ’Congress leader and former finance minister P.Chidambram said India’s GDP ranking of 5 makes the country proud ,but its per capita income ranking must make us humble .So he said that India’s position in the world economies in terms of Gross Domestic Product (GDP) makes us proud but its ranking in terms of per capita income must make us humble and determined to grow at a faster rate.In a tweet former union finance minister Chidambran said ,’’India’s rank in terms of per capita income is 128 .
That must make us humble and determined to grow at a faster rate’’Chidambaram’s tweet came shortly after Prime Minister Narendra Modi made a strong pitch for a third term for his government highlighting India’s standing in world economies and promising to make it the world’s third largest economy with faster than now pace of development .Addressing the inauguration event of a world –class convention and exhibition centre at the site of Delhi’s Pragati Maidan ,Modi said India has been talked as the bright spot amid gloomy world economy .In an obvious response to the PM’s guarantee ,Chidambram wrote ,’’On day ,India will become the 3rd largest economy in the world .But our goal must be increase the per capote income and rank among the top 10 countries of the world’’ ’’Let us talk about per capita income .That is the true measure of prosperity.
’’Similarly taking a swipe at PM ,Rajya Sabha member and congress general secretary Jairam Ramesh said it was typical of him to give his personal guarantee on an arithmetical inevitability .’’India’s emergence as the wirld’s 3rd largest economy in this decade has been predicted for quite some time now,and it is guaranteed –whichever dispensation forms the next government ’’he said in a tweet. ’’Jairam Ramesh said that India’s emergence as the world’s 3rd largest economy in this decade has been predicted for quite some time now,and it is guaranteed –whichever dispensation forms the next government .’’He took a swipe at PM Narendra Modi for his claim that India will be among the top three ;economies in the world during the third term of the BJP –led NDA government .
Attacking Modi for his remark during a speech at the inauguration of the ITO complex in Delhi ,Ramesh took to social media platform X ,formerly known as twitter ,and wrote ,’’Typical of Mr Modi to give his personal guarantee on an arithmetical inevitability .India’s emergence as the world’s 3rd largest economy has been predicted for quite some time now ,and it is guaranteed –whichever dispensation forms the next government.’ ’Coming back to the title of this write up ,it can be said that India’s ranking so far as its per capita income is concerned is at a abysmal low and it is a disturbing development and it is unfortunate as well and we and our government of NDA should not be proud and jostle about the GDP ranking of Indian economy at 5th largest place in the world ,because we have a very low and deficient ranking so far as our per capita income is concerned .
We are at the 128th position and ranking in the world economies as far as the per capita income is concerned .Ours is a very dismal performance and position as it relates to per capita income .The government should make serious efforts to increase the per capita income as this is the measure indicator of the prosperity and progress of the people .What explanation will the PM Modi put forward for such low ranking of India’s per capita income .We need increase in the per capita income of the people and then and only then we can take pride in our efforts and increase and ranking of our GDP in the world economies ranking and till then every Indian can put this question ,what about our per capita income.
(The author is a columnist, social and KP activist)